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KOTA KINABALU: Malaysia is aiming to re-establish itself as a leading cocoa hub in Asia, with Sabah playing a vital role in this ambition, says Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.
KUALA LUMPUR: Cocoa and pepper continued their upward performance in 2024 driven by higher global demand and the government’s support towards the commodity’s growth.
Cocoa and pepper continued their upward performance in 2024 driven by higher global demand and the government’s support towards the growth of the crops.
KUALA LUMPUR: Guan Chong Bhd, which posted a record-high net profit of RM213mil in the fourth quarter ended Dec 31, 2024 (4Q24), aims to sustain its earnings momentum in the financial year ending Dec 31, 2025 (FY25).
From US$4,200 per tonne at the start of 2024, cocoa prices saw a dizzying spiral to an all-time high of US$10,080 this month.
PETALING JAYA: RHB Research remains bullish on cocoa grinder Guan Chong Bhd’s anticipated robust performance in financial year 2024, driven by margin expansion and higher revenue.
Guan Chong Bhd, one of the world’s biggest cocoa processors, is scouting for beans worldwide as bad weather and disease pummelling crops in top West African growers send prices to a record.
KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC Ratings) has revised its rating outlook on the sukuk programmes of Guan Chong Bhd (AA-IS) and JB Cocoa Sdn Bhd (A+IS), to negative from stable.
PETALING JAYA: The world’s fourth largest cocoa grinder Guan Chong Bhd (GCB) is undertaking a sukuk exercise for its future expansion plans.
KUALA LUMPUR: Cocoa grinder Guan Chong Bhd posted a 21% jump in revenue to RM910.8mil in the second quarter boosted by increased selling prices and contribution from newly acquired subsidiary Schokinag Holding GmbH.
Cocoa manufacturer Guan Chong Bhd’s financial performance is expected to remain strong on sustained demand supported by higher prices of cocoa beans.
KUALA LUMPUR: Guan Chong Bhd's shares rose in early trade Tuesday after the company announced plans to acquire a 25% stake in Transcao Côte d'Ivoire, a cocoa processing firm based in Ivory Coast.
KUALA LUMPUR: Guan Chong Bhd expects earnings in the second half of 2024 to exceed last year’s results, driven by higher selling prices for cocoa ingredients and industrial chocolate, along with steady delivery to clients.
KUALA LUMPUR: Cocoa grinder Guan Chong Bhd reported lower net profit in the second quarter, as sales were affected by the Covid-19 pandemic.
PETALING JAYA: The demand for cocoa powder remains robust even during the coronavirus (Covid-19) pandemic due to its diversified usage and this is a positive factor for cocoa grinder Guan Chong Bhd.
JOHOR BARU: The country’s export earnings contribution from cocoa and cocoa-based products, as well as cocoa grinding activities, is expected to decline by 18% due to the implementation of the Movement Control Order (MCO) to stem the spread of Covid-19.
KUALA LUMPUR: Guan Chong Bhd posted a record-breaking net profit of RM92mil in the first quarter ended March 31 (1Q24), more than tripled from RM23.8mil in the previous corresponding quarter.
KUALA LUMPUR: Guan Chong Bhd (GCB) will maintain its focus on its cocoa ingredient processing while venturing into high-margin industrial chocolate and fine-tuning production according to market demands.
Top chocolate manufacturers like Hershey Co. and Lindt & Spruengli AG have already warned of possible further price hikes, and there are signs that pricier goods are hurting demand from Europe to the key growth market of Asia.
KUALA LUMPUR: Guan Chong Bhd is set to increase its market share in Europe as its recently-commissioned United Kingdom (UK) facility boosted the group’s annual industrial chocolate capacity by 16% or 16,000 tonnes to 116,000 tonnes.
